NEW YORK, NY — “Chesapeake Energy is almost out of rope. Investors have punished the company in recent days, sending its shares down as much as 25%, following reports that Aubrey McClendon, Chesapeake’s co-founder and chief executive, engaged in some questionable transactions with the company.

But while accusations of sweetheart deals are troublesome, they are really the least of Chesapeake’s worries. The company is drowning in debt and can no longer rely on hedging to shield itself from low natural gas prices. Chesapeake and its embattled chief executive are now in a race against time to diversify the company’s production away from natural gas to oil, so they can prove to investors that they can make money the old fashioned way – by actually earning it through the drillbit.

McClendon grew Chesapeake from a small energy company into the second-largest producer of natural gas in the U.S. in just a few short years, second only to ExxonMobil (XOM). He did it by aggressively reinvesting the company profits to acquire large tracts of drillable land.”

Members supporting clean energy in Ohio as of December 3, 2016

8,227 members have sent handwritten letters to Governor John Kasich.
32,352 members have signed our "End the Freeze" support statement in person at their door.
991 members have left voice messages with Governor Kasich's office asking him to end the freeze on clean energy standards in Ohio.
643 members called their state legislators, urging them to vote NO on HB 554 / SB 320
6,770 members have sent public comments to the Public Utilities Commission asking them to deny American Electric Power and Dayton Power & Light mandatory, residential fixed fees, also known as the “customer charge.”
344 members have signed our "End the Freeze" on-line petition.